Introduction

This GLOMACS Understanding Energy Contracts training seminar will provide participants with a comprehensive understanding of energy contracts essential to manage the volatile energy market. In this training seminar participants will receive a thorough in-depth exposition of the several energy contracts and understand the rationale behind them and acquire essential skills to negotiate sound well thought out energy contracts.

Energy needs must be met in a world that cannot survive without it. How effectively we meet this need will determine the development of the modern world. Energy Contracts need to be strategic and looked at through the lens of your company’s current risk profile. Companies need to formulate a targeted approach. Your energy contract management should provide customize solutions and also determine the best pricing strategy to meet your efficiency goals. Parties to the contracts want to mitigate dramatic price increases and the contracts need to address this and provide workable solutions. There is a need for customized contracts to avoid undue penalties which can cripple the commercial viability of a project. Energy contracts must allow for flexibility and the contracts must reflect this and have a robust basis for meeting stakeholders’ requirements.

Objectives

By the end of this training course, participants will be able to:

Understand the global energy market and the structure of energy contracts

Assess risks in the energy industry and know how to minimize those risks

Examine and analyse the difference energy contracts both upstream and downstream

Training Methodology

This Contracts Management training seminar will utilise a variety of proven interactive learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes exercises designed to improve the understanding of the core energy contracts, improve their skill sets to negotiate better energy contracts through interactive session with case studies, discussion groups and scenario building.

Organisational Impact

The organisation will benefit by:

Having a work force who will be fully conversant with the different types of energy contracts that are used

Being able to anticipate and deal with issues and ramifications pertinent to energy contracts

Preventing expensive mistake from arising due to lack of familiarity with these types of contracts

Senior management knowing the contractual options available and how to structure the contracts accordingly

Analysing and strategizing on the best approach to negotiating and managing energy contracts

Personal Impact

This training course teaches the competencies that enable the attendees to:

Strategize and appreciate the company’s current risk profile relating to their energy contracts

Have the ability to formulate a targeted approach to contracting

Learn what are the customize solutions and also determine the best pricing strategy to meet company’s goals

Mitigate dramatic price increases in energy contracts and to come up with workable solutions

Customise contracts to avoid undue penalties which can cripple the commercial viability of a project

Who Should Attend?

This training programme is suitable to a wide range of energy industry professionals but will greatly benefit:

Contracts Professionals

Commercial Managers & Professionals

Project Managers

Procurement Supply Chain Professionals

Risk Manager / Contract Risk Professionals

Financial Professionals in the Energy Industry

Seminar Outline

DAY 1

Introduction to Energy Contracts

Energy Laws, Policy, Business Ethics

Renewable Energy Issues

Petroleum Policy & Economics

Environmental Issues

Human, Socio-economic and Cultural Impacts

DAY 2

Specific Energy Contracts Examined

Gas Sale Agreement (GSA)

LNG Sale and Purchase Agreement (SPA)

Time Charter Party Agreement

Terminal Use Agreement

Decommissioning

DAY 3

Specific Upstream Energy Agreements

Oil and Gas Concessions

Production Sharing Contracts

Service Contracts

Joint Operating Agreements (Joint ventures)

DAY 4

Risk Based Contracting – EPC, EPCM and Alliance Contracts

Basic Features of an EPC, EPCM, Alliance Contracts

Key Oil and Gas Specific Clauses

Key Performance Clauses

Liquidated Damages

Risk Allocation & Risk Assessment

DAY 5

Structure of Transportation & Power Purchase Agreements

Gas Sales Agreements

Power Purchase Agreements

Transportation Agreements

Take or Pay Agreements

Accreditation

In Association With

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Understanding Energy Contracts

Upcoming Dates

Code

Date

Venue

Fees

CM017

13 - 17 Aug 2018

London - United Kingdom

$5,500

Introduction

This GLOMACS Understanding Energy Contracts training seminar will provide participants with a comprehensive understanding of energy contracts essential to manage the volatile energy market. In this training seminar participants will receive a thorough in-depth exposition of the several energy contracts and understand the rationale behind them and acquire essential skills to negotiate sound well thought out energy contracts.

Energy needs must be met in a world that cannot survive without it. How effectively we meet this need will determine the development of the modern world. Energy Contracts need to be strategic and looked at through the lens of your company’s current risk profile. Companies need to formulate a targeted approach. Your energy contract management should provide customize solutions and also determine the best pricing strategy to meet your efficiency goals. Parties to the contracts want to mitigate dramatic price increases and the contracts need to address this and provide workable solutions. There is a need for customized contracts to avoid undue penalties which can cripple the commercial viability of a project. Energy contracts must allow for flexibility and the contracts must reflect this and have a robust basis for meeting stakeholders’ requirements.

Objectives

By the end of this training course, participants will be able to:

Understand the global energy market and the structure of energy contracts

Assess risks in the energy industry and know how to minimize those risks

Examine and analyse the difference energy contracts both upstream and downstream

Training Methodology

This Contracts Management training seminar will utilise a variety of proven interactive learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes exercises designed to improve the understanding of the core energy contracts, improve their skill sets to negotiate better energy contracts through interactive session with case studies, discussion groups and scenario building.

Organisational Impact

The organisation will benefit by:

Having a work force who will be fully conversant with the different types of energy contracts that are used

Being able to anticipate and deal with issues and ramifications pertinent to energy contracts

Preventing expensive mistake from arising due to lack of familiarity with these types of contracts

Senior management knowing the contractual options available and how to structure the contracts accordingly

Analysing and strategizing on the best approach to negotiating and managing energy contracts

Personal Impact

This training course teaches the competencies that enable the attendees to:

Strategize and appreciate the company’s current risk profile relating to their energy contracts

Have the ability to formulate a targeted approach to contracting

Learn what are the customize solutions and also determine the best pricing strategy to meet company’s goals

Mitigate dramatic price increases in energy contracts and to come up with workable solutions

Customise contracts to avoid undue penalties which can cripple the commercial viability of a project

Who Should Attend?

This training programme is suitable to a wide range of energy industry professionals but will greatly benefit:

Contracts Professionals

Commercial Managers & Professionals

Project Managers

Procurement Supply Chain Professionals

Risk Manager / Contract Risk Professionals

Financial Professionals in the Energy Industry

SEMINAR OUTLINE

DAY 1

Introduction to Energy Contracts

Energy Laws, Policy, Business Ethics

Renewable Energy Issues

Petroleum Policy & Economics

Environmental Issues

Human, Socio-economic and Cultural Impacts

DAY 2

Specific Energy Contracts Examined

Gas Sale Agreement (GSA)

LNG Sale and Purchase Agreement (SPA)

Time Charter Party Agreement

Terminal Use Agreement

Decommissioning

DAY 3

Specific Upstream Energy Agreements

Oil and Gas Concessions

Production Sharing Contracts

Service Contracts

Joint Operating Agreements (Joint ventures)

DAY 4

Risk Based Contracting – EPC, EPCM and Alliance Contracts

Basic Features of an EPC, EPCM, Alliance Contracts

Key Oil and Gas Specific Clauses

Key Performance Clauses

Liquidated Damages

Risk Allocation & Risk Assessment

DAY 5

Structure of Transportation & Power Purchase Agreements

Gas Sales Agreements

Power Purchase Agreements

Transportation Agreements

Take or Pay Agreements

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

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